ET was the first to report that LVMH's Berluti will be launched in India this year. Singh said the company plans to raise about Rs 100 crore o to three years.

“Berluti is our first association with LVMH. We are in advanced talks with a lot of luxury brands. With Brunello Cucinelli, we are in advanced talks of finalising our agreement,“ said Singh.

“We are also coming up with brand extensions of brands that are already present in India and we will be expanding these brands to other markets as well, like Hyderabad and Kolkata. These are brands that are looking to switch their partners.“

Known for its calfskin shoes, the first store of Berluti will be launched at the Emporio mall in Delhi.

“We see a lot of potential in niche beauty brands,“ said Singh. Bequest plans to have a pan-India presence for Molton Brown and Creed. It plans to launch 14 stores of Molton Brown -the luxury cosmetics brand that has a royal warrant of the Queen -in cities like Delhi and Mumbai.